Net Profit of Lonsum Increased 134,8%

Net Profit of Lonsum Increased 134,8%

JAKARTA, NETRALNEWS.COM – The selling of PT PP London Sumatera Plantations Tbk or Lonsum in 9 months in 2017 reached Rp 3,57 triliun, or increased 36,6% compared to the same period in last year. It happen for the increasing selling of crude palm oil (CPO) and palm kernel (PK).

“Palm oil product contributes to the total selling, reaching about 91 percent, then rubber about 6%, and palm oil seed selling reaching about 2%,” Investor Relations Indofood said in the work report in the 9 months program in 2017.

The company joining in the Indofood business also noted, the gross profit increased 61,4% yoy to be Rp 1,05 billion. Most of them were supported by the increasing selling volume and the average selling price of palm oil and rubber. “This contributed to the profit of the company that increased 97,5% yoyto be Rp 790,7 billion," he said.

While the net profit that has been attributed to the owners in the first nine month in this year, increased 134,8 persen yoyreaching Rp 639,5 billin within profit per share or laba per saham (EPS) reaching Rp 94. The net account from the business increased to be Rp1,04 billion compared to Rp 533,2 billion in the same period in last year.

"The account and the same account in the end of 9 months 2017 (9M2017) reached Rp1,49 billion. Lonsum mainstays the net account in this period,” he told.

The palm oil company within the share code ‘LSIP’ got increasing fresh fruit bunch (FFB) production reaching 16,1 yoy to be 946.418 tons for the recovery production after El Nino that happened in 2016.

As the increasing FFB production, reaching 12,2 percent yoy to be 1.261.603 tons, it increased the CPO production up to 13,5 percent yoy to be 288.205 tons. Palm Kernel (PK) production also increased 17,3 percent yoy to be 78.848 tons.

It is also described, the total planted main areas on 30 September 2017 reached 114.419 hectares – 83 percent were planted by palm oil, 14 percent were planted by rubber and the rests (3%)  were planted by others, namely tea and cocoa.

"Lonsum still has the yet productive areas for palm oil and rubber reaching 8.954 hectares and 2.729 hectares for each," he said. (T3)

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